China’s Economy Is In Trouble. How Bad Is It?

China’s Economy Is In Trouble. How Bad Is It?

There is no way that China’s economy is growing as well as the government says it is.
“China’s government has been making a surprise devaluation of the yuan in an effort to boost exports, buying stocks, increasing spending and cutting interest rates in an effort to stimulate its economy.”

“China wouldn’t be taking these actions if the country has seen a 7% growth rate, as stated in the latest government data claims.” The stock market has crashed all over the world because many investors are afraid, that the second-largest economy will bring down other countries.

“China is a major buyer of commodities like oil and copper and when they do not purchase these resources, Australia, Canada and Brazil who provide these commodities suffer.”